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The latest update is out from Veeko International Holdings Limited ( (HK:1173) ).
Veeko International Holdings Limited has issued a profit warning, expecting a significant increase in loss after tax for the year ending March 2025, primarily due to decreased revenue from its cosmetics and fashion segments, a reduction in the fair value of investment properties, and increased finance costs. Despite these challenges, the company is implementing strategies to improve sales performance and optimize its retail network, including negotiating better rental terms and closing underperforming stores, while receiving financial support from executive directors to manage its cash position.
More about Veeko International Holdings Limited
Veeko International Holdings Limited is engaged in the cosmetics and fashion retail industries, with a focus on both sectors. The company also holds investment and self-occupied properties, which contribute to its financial stability.
Average Trading Volume: 878,601
Technical Sentiment Signal: Sell
Current Market Cap: HK$57.91M
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